113 Hart AveOpp, AL 36467

Property Details for 113 Hart Ave

Year built

1965

Lot size

0.28 AC

Property size (Sq ft)

6,146 SF

Property type

Banks

APN

23-11-08-28-3-301-065.000

APU

231108283301065000

Description

This exceptional 6,700-square-foot executive office building, located at 113 E Hart Ave in Opp, Alabama (zip code 36467), is a remarkable opportunity for a variety of businesses. Previously occupied by a major regional bank, this property offers a fully functional, ready-to-occupy space. The building's design features two floors, each approximately 3,350 square feet. A secure vestibule provides access to the second floor, making it ideal for multiple tenants or departments. The 0.55-acre lot provides ample space and parking. The building's location in Opp, Covington County, Alabama, offers excellent visibility and accessibility. The area boasts a strong financial sector, with several established banks including Wells Fargo, Southern Independent Bank, CCB Community Bank, Opp-Micolas Credit Union, and Army Aviation Center Federal Credit Union nearby. This property's versatility makes it suitable for a range of uses, including but not limited to financial institutions, professional services firms, healthcare providers, and retail businesses. The asking price for this turnkey property is $525,000. Lease options are also available. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Alabama community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,223,600

  6.5%

  $1,129,477

  7%

  $1,048,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,048,253

  Geo Method

  $1,101,036

• Alternative Use

  Use

  Valuation

  Residential

  $952,756

  Hospitality

  $872,720

  Educational

  $726,093

  Medical

  $751,064

  Retail

  $1,129,477

Location Insight

City

Opp

County

Covington

State

Alabama

Latitude

31.2829

Longitude

-86.2543

Property Tax & Assessments

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